The private holding company Exworks AS has acquired the remaining 50% stake in Excellars AS from Kwiik AS. Financial details have not been disclosed.
After the acquisition, Exworks owns 100% of Excellars AS.
ExCellars AS is an independent importer, marketer and sales organization of wine with a leading position in the Norwegian market. The company offers a variety of wines from affordable brands to more limited high-end selections from wine producers in Germany, Italy, France and South Africa.
Oaklins' team in Norway advised the buyer in this transaction.
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